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October 26, 2023

GFI Partners purchases property for 1.4M-sq.-ft. Charlton warehouse project

Rendering | Courtesy of Town of Charlton A rendering of a warehouse in Charlton, planed by GFI Partners

Boston-based developer GFI Partners has purchased 221 acres of industrial-zoned land at 241 Sturbridge Road in Charlton for $8.3 million. The Town approved a plan for a 1.4-million square-foot warehouse at the site in 2021.

The project will be a single-story, high-bay warehouse with 30,000 square feet of office space, 210 loading bays, 500 parking spaces, and 250 trailer storage spaces, according to the Town of Charlton’s website.

The sale was completed on Tuesday, according to NAI Glickman Kovago & Jacobs Principal James Glickman, who represented the seller, Greenhill Realty Trust. 

Construction has not begun at the site, according to Glickman. GFI Partners did not respond to a request for information about the anticipated construction schedule or if a tenant was lined up for the site.

The site is near the newly constructed 100-foot-tall, 2.8-million-square-foot Amazon First Touch Robotics Sortation Center at 53 Sturbridge Road. Tree House Brewing is between the two industrial sites.

GFI owns and operates industrial properties around the country, mainly in Massachusetts, including the 630,000-square-foot home of Imperial Distributors in Worcester, built on the site of a former U.S. Steel manufacturing facility in the Quinsigamond Village neighborhood.

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